CAS Exam 6C Fall 2013, Question 24
Study guide: Exam 6C
Part a (1 point)
Describe two reasons that almost all property-casualty insurers are rated by rating agencies compared to a small percentage of companies from other industries.
Part b (0.75 points)
Capital standards are different among the rating agencies. Identify the capital model used by the following:
- i. A. M. Best
- ii. Moody's
- iii. Standard & Poor's
Part c (0.75 points)
Fully describe the capital model used by one of the rating agencies in part b. above.
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